TO GO WITH Myanmar-politics-economy-forex,FOCUS by Daniel ROOK
This picture taken on September 3, 2011 shows an illegal money changer exchanging Myanmar kyat bank notes into US dollars in a back alley of the country's main city and former capital Yangon. Despite a soaring currency that has led Myanmar to call in the IMF, Yangon's illegal money changers are not short of customers. AFP PHOTO / Soe Than WIN (Photo credit should read Soe Than WIN/AFP/Getty Images)

Several European lawmakers are seeking to end an agreement that grants U.S. authorities access to bank data for terrorism-related investigations because of Washington's surveillance programs. (Photo credit should read Soe Than WIN/AFP/Getty Images)

BRUSSELS (AP) — Several European lawmakers are seeking to end an agreement that grants U.S. authorities access to bank data for terrorism-related investigations because of Washington’s surveillance programs.

Three lawmakers said Tuesday that leaks by Edward Snowden alleging that the U.S. National Security Agency targeted a Belgium-based system of international bank transfers, known as SWIFT, means the agreement has been effectively voided.

But the EU Commission, the bloc’s executive body, says sharing the bank data under the Terrorist Finance Tracking Program provides “law enforcement authorities a powerful tool in the fight against terrorism.”

Still, Commissioner Cecilia Malmstrom told lawmakers she has not received sufficient answers from her U.S. counterparts regarding the spying allegations. She said if the agreement was violated, a majority of EU states could decide to cancel it in retaliation.